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tv   Markets Now  FOX Business  November 29, 2013 11:00am-12:01pm EST

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charles: you guys were absolutely phenomenal but we will shift to someone else who is phenomenal. i wore the new glasses. dagen: watch neil cavuto on business because i scream at charlie and charlie screens at me. thank you so much, happy thanksgiving. today is your excuse to spend. retail's biggest day of the year, the deals, the rip-off and the brawls on black friday. prices at the pump are the lowest they have been in three years. whether this holiday glee will continue. recognized this cit? the highs will prodigy voted senior celebrity and class caller said to become one of the most influential drivers of the u.s. economy. her driver from someone who knew her back when. how much would you spend it for but facebook's headquarters? be a rock star for a day.
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the founder and ceo on the $100 million it has raised for charity, auctioning off celebrity experiences. that and more on this hour of markets now. i miss connell mcshane so he could carry some of the weight. black friday, hope everyone had a great thanksgiving but stocks are trading until 1:00. let's go to the new york stock exchange where nicole petallides is standing by on the shortened trading day. nicole: we had our markets closed for the thanksgiving holiday. however in europe and asia they were easily awaiting the market opened, half-day of trading moving at 1:00, u.s. stocks are having a good day on wall street, record levels once again, the nasdaq 4 thousands
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64, dow jones industrial 16,055 and the s&p at 1812, all three are higher and a record, look at the retailer's, the thanksgiving day, black friday people running in for a limited brands, abercrombie, walmart pulling back but retailers are talking about a lot of traffic and a lot of deals and so far so good for these guys and i am sure they will continue. dagen: shoppers used to line up in the early hours of black friday to get the best deals, now they don't have to because many retailers opened yesterday on thanksgiving even earlier than they have before crowds rushing room dinner tables to head in for deals, plus our as was one of those stores that opened yesterday and rich edson is on that tough assignment in times square. you have been knocking get out of the park. what are you doing? >> i got a ball, $29.99.
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you get two of them and when you fill it up you can do this for as long as you want and that is what we got here. there you go, thank you so much. this is the crowd. it was pretty slow a couple hours ago. now it is crushed. these folks were added since 5:00 last night, one of the many retailers opening on thanksgiving evening. we got here at 5:00 in the morning, not many people here. when they had that go-karts i was driving around this morning, i did that down this hallway, you can't sit in this hallway. national retail federation says they expect $600 billion to be spent by folks this holiday season, this month and next month. last month $11.2 billion for the sale, ninety million people going on line of trying to find
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deals and that represents 4.5%. of all the shopping for the holiday season. was are as, times square got crowded. dagen: we were just saying i bet you toys r us is doing such a great job and it was dead at 6:30 or 7:00 this morning, i know we talked about it earlier, i sent somebody from here to there, walked in and picked it up, one of the brand new ones. >> even an hour-and-a-half ago there were not that many people here but it is crushed now. dagen: enjoy. times square on black friday, surrounded by people waving at the camera. if you are over the age of 8, that is not cool. great to see you. line this holiday season etting according to two major retail giants. we don't have specific sales figures yet.
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here is what walmart had to say. is recorded can million in sports transactions, a four hundred million web page views and target claiming online sales were among the highest ever seen in a single day doubling the amount of orders this year compared to last year in the early black friday hours. claudia is wal-mart consumer advocate retailers. and wide open on thanksgiving? i don't know what they accomplish, do they really steal sales from other retailers? >> one of the reasons retailers are opening on thanksgiving is because the demand is there from the consumer. you show the statistic that walmart we did ten million registered transactions between the hours of 6:00 and 10:00 and four hundred million people went to the web page, 53% came from mobile devices so the appetite is there. people want to shop and
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retailers are giving consumers what they want. they make in terms of the deals do you get a better deal on these days? people ask me that all the time because they see coverage and say do i have to shop today at these hours to get this price or can i wait and comparison shop and get two weeks from now? >> certain deals will only be available at certain times and we will see that from different retailers but what we are experiencing is the evolution of the holiday shopping season. black friday and cybermonday arkie holidays the we are seeing it stretched out longer than ever. walmart kicked off a holiday shopping season on line november 1st with a deal starting then, kicking off cyberweek tomorrow with 200 daily deals that will go until next friday, december 6th. lot of retailers are jumping on that ship, doing things like a lead deal for our lead deals you can only get in the store but doing that on line. what is happening is retailers
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are facilitating the ability for consumers to shop anytime they want anywhere. dagen: we talk about walmart and show the stores and a lot goes for major retailers but so much of their business is online and stores are careful about making sure there is overlap and coordination between what is happening in the store and online. >> a lot of times but store's apps will help you if you are shopping in-store but we are supposed to see over $600 billion november and december for holliday, $55 billion of that coming from ecommerce. significant numbers are on line. dagen: the new iphone, the new ipad devices from apple, the new x box and placed asian. how much does that help drive overall sales? >> electronic our top category for the holiday season and play station iv and x box i ken out in last couple weeks driving sales.
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electronics, a flat screen televisions popular, tablet very popular not just from apple but across the board, different tablet and even lead fraud as a tablet 3 children. they people were trying to buy that yesterday, 15,000 people -- it was great to see you. be well, please come back. retailers have something else to be thankful for on black friday, gas prices at a three year alone meaning consumers have more money to spend. will prices at the pump keep dropping? chief oil analyst at gasbetty.com. hope you had a great thanksgiving. >> at the black friday. dagen: i will be sitting on my duff at home. we will get prices keep falling? >> i believe they will. they are not going to be falling when we get to spring training or the spring, they will typically go up but in the next 30 or 40 days you will see more
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downward pressure. we went up in the middle of november by the usual bluster of refinery problems and exports but very available supply and great advantage. dagen: do you think -- how much many extra is america saving compared to a year ago? does that really helps sales? the retailers would like to hope so but i doubt it. >> hard to tell. sales were helped more via mania than anything else. we calculated $2 billion more for consumers to spend that the gasoline this november, whether that translates into sales, walmart or costco, i don't know. we will see. they have more money and more money to spend in terms of less
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money for fuel plant any thanksgiving since 2010. dagen: in the past we talked about how cheap north american crude-oil is and how cheap u.s. crude is because we are producing so much here. is there anything that will get in the way of that trend and also how does the iran deal plate into that? it is less important than it would have been a year ago. >> the trend for north american food production continues unfettered for a while. you would have to see crude oil prices drop by $25 a barrel, threatening the profitability of the sale price. as far as iran and other things go we will have an opec meeting left -- next week and no one is paying attention to it in north america because north america is more insulated. we are producing more crude, added additional crude to counteract the 1.5 million
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barrels a day we lost when sanctions went into effect on iran in july of 2012. we are becoming much more insulated against horrible things happening in the middle east. dagen: should we be celebrating in a more time? >> there are a lot of things to celebrate and be happy about. it feels good, it will continue through 2014 but as the giants fan, the giants lost and the cowboys won. i don't have that here today. dagen: that is one thing we can agree on, we both paid the cowboys. breaks my heart that they won. >> it absolutely does. it is satan's team. dagen: it was great to talk to you, thank you so much. dagen: let's talk about some sports, jason kidd paying their
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hefty price on the court. for get paying big bucks at metlife stadium for the super bowl, the nfl announced a free day for games overseas in london next year. its slogan is the most important beer in america. we have the chicago company trying to create the finest craft beer in the nation. time to talk about it. look at oil prices today. ♪ ♪
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tdd# 1-800-345-2550 open an account anrn 300 commission-free online trades. call 1-888-628-7118 to learn more. so you can take charge of your tradg. dagen: nicole petallides looking and supermarket the day after thanksgiving. nicole: i have a crowd. all these kids, i don't think their parents are hitting the supermarket today. we will look at these names, kroger, whole foods, holding back supervalue squeezing out centimes but they faced competition against each other and the food stamp is an issue for them so that is something we are watching and over all kids day on wall street, these are
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the new york stock exchange community children all here but what is interesting is years past there was a lot more going on, video games upstairs, more subdued this year with face painting and balloonmaking on the floor but what are the kids's favored retailers? raise your hand. >> game stop. >> toys r us. >> target. >> justice. >> how about over here? >> craft. >> anybody have anything on their list? >> maybe 4. >> that is a good one. >> target. >> how about you? toys r us. i can't leave you out. >> toys r us. >> a big girl. >> toys r us. >> really? >> target. >> target has a lot of toys and that is the other thing about retailers, knowing what
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consumers want. i heard an analyst talk about walmart, they're pushing tvs, why aren't they pushing close? all right, everybody, wave to the friends and family, go forward, happy holidays. >> in the control room, he brought in the show, doing a good job. hi, mark. we will get a shot. where is mark? there he is. we love having the little ones around. here is a different story. in brooklyn the $50,000 still to tell you about. brooklyn nets' coach jason kidd being fined after the nba found he intentionally skilled his drink on the court in an attempt to delay the game, trailing by three points. watch it again. he bumped into brooklyn
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reserve's taylor with 8.3 seconds to left during the loss to the lakers wednesday causing his drink to spill. delaying the game, allowing the nets to had no more time outs to diagram a play. the video shows him appearing to tell taylor hit me. kid is denying any intent saying he had sweaty palms. okay. the nfl announcing 2014 lund in day which will include three games instead of two like this season. the first game will be played on week 4, september 28th. the oakland raiders against the miami dolphins, the 26 the detroit lions play in the atlanta falcons across the pond and the cal bowl is, in's team will take on the jacksonville jaguars. and all three will be at london's wembley arena. from your pocket to theirs, a new bill would send loose change that you leave at airport
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security to veterans. paint up to hang out at facebook or join the rock group kiss hall for charity. a business out of it and in a completely unrelated, more currency today how they are holding up against the dollar. this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-a-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one.
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unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you... at's in your wallet?
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dagen: take for loose change out of your pockets and a board security maybe help in our nation's veterans. they're going collected last year at check points at to over $500,000 and florida representative jeff miller is looking on a bill to have the money go to rest and relaxation facilities at airports for our service men and women from military organizations to aid veterans who have to bid for this money but it proves as the saying goes every penny counts. speaking of veterans veteran beer company in illinois is run
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to create jobs by those who served our country. joining me with more is mike hoban. >> all holidays are rolling through, football getting exciting. you might be buying beer some time. you have plenty of choices but one entrepreneur, retired navy pilot polk future use of beer that puts veterans to work. >> would you like to try it? >> daniel is a brand ambassador trying to get you to sample veteran beer. >> i am a wounded veteran who got injured in iraq. >> unemployment is 20%, disabled vets like daniel, 88%. and that prompted retired navy pilot paul jenkins to come up with a country that enables not just the disabled but everyone who serves. >> come up the company that could employ as many veterans as possible as quickly as possible. >> beer is the pathway to employment.
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every employee in minnesota to the delivery guy served. jenkins of to send a message to other employers. >> i want a private sector to realize u.s. military veteran is the greatest human resources country. >> they hope to send a message to other vets. >> we will bring those guys out of the funk and they may be in after serving hard time in the military, being injured or disabled. >> the guys that veteran beer no patriotism can drive people to pay for a 6-pack but if you want to float a whole company you got to sell good beer. take it from a guy who has done some field research, good stuff. dagen: coming up with all these, i don't think i need a reason. it can be a random lorraine day. happy thanksgiving, take care, mike tobin from fox news. $100 million online auction site
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charity buzz celebrates the accomplishment, and everyone feeling so charitable, black friday turning into black and blue friday. some losers, somebody won those tv spots or whatever they were fighting over, here are some winners on the s&p. ♪
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hmm. ♪ mm-hmm. [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease the 2014 ml350 for $599 a month at your local mercedes-benz dealer.
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dagen: the future of the federal reserve by looking at the past. and yellen is fast. bidding on a chance to be a celebrity for a day of a
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once-in-a-lifetime auction, $100 million rain is a. paradise sell and, the floating island city complete with shops, schools, hospitals, even its own airport. doesn't it sound worse than a cruise ship? we will tell you more about it in the next 30 minutes. it is the bottom of the hour, nicole petallides watching the top movers on this trading day. nicole: worth taking a look at priceline which is that a new high pushing the 1200 mark. look at that, up 3/4 of 1% at 1195. other movers worth watching today include apple, walmart, amazon, conoco phillips. when you look at the energy needs, look at oil at $93.50. watching walmart, all the
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shoppers hitting stores. there is a look at apple which slowly but surely being day after day at 5:54:88 a gain of 1.6%. dagen: target is one of many retailers that opened earlier to attract friday shoppers on turkey did. the retail giant opening its doors, opening door buster deals on electronics, toys and appliances, robert gray is in carson, calif. since well before 4:00 a.m.. >> a lot more activity than last time we spoke. a lot more folks starting to come through the registers, we were in the middle of all all if you will, people were lining up,
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there was no stampede, very orderly, gave out tickets, claim checks. if you wanted to get one of a flat screen tvs, one of ttose door buster is, they had a certain amount, handed out claim checks, a woman bought three of them between her and her crew. a little teamwork to get those items, she came back several times and take a look at some items back here, one that she was hot after was a popular gift item, and her daughter was giving away the surprise, some other things going here, not discounting particularly new items but through in gift card to targets if you buy it here black friday and the more popular items, pajamas, surprising even to them.
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people stocking up not only on the glitzy product like apples or tv products but basics as well. dagen: pajamas are a great gift. who doesn't love a pair of cozy fuzzy pajamas around christmas time. >> absolutely, even around here. not as cold as you guys. dagen: thank you for that. good tips about apple products today, you get that gift card from wal-mart and target sell ever want to go behind-the-scenes at facebook headquarters? party with harvey weinstein of the kiss for a day? if you put of the money charity does connect those dreams reality. joining us from the floor of the stock exchange after ringing the opening bell is ceo of the holtzman. great to see you. what is the most expensive, the
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highest price auction item that you have auctioned off so far in the history of the company? >> the highest priced item was a half-hour coffee, apple, we sold it to past season to benefit the arcade center and it was a record for us. dagen: which was more money i believe than getting to sit down with bill clinton or paul mccartney. >> pretty surprising. people want access to people. the head of apple is an interesting person and the black robe to meet in. dagen: how hard is it to come up with the auction items? that is part of generating business, making sure you have interesting things to auction off. how much time and effort is focused on that? >> great question. the name of the company is charity buzz and we try to create buzz for charity to be relevant and come up with new
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experiences, we feel good business to do good and part of it is come up with new and interesting items. we look at what is in the news and people want to make memories this holiday season if they meet people who are interesting to them, great opportunity to support their charities. and we watch tv and watch what is new out there and create new experiences to benefit over 2,000 charities around the world. dagen: help is demand for those bidding for these auction items? do you see decision strengthened demand you did a year ago? >> request in. we find out as charities become bigger we are getting more of a global audience so now we have 110 countries and what we do is fulfill people's dreams, give
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them experiences they can't get. as we offer new experiences we get bidders from all over the world, germany and china, new market is london. these people get these lifetime experiences and business is growing as a result. dagen: finish your thought. didn't mean to interrupt. >> we come up with these new experiences and interestingly this season we find the newest celebrities are the titans of wall street and technology, new experiences with leaders starting new companies are generating a lot of money for charity. the kids screaming in the background, great day to be on the stock exchange. dagen: it is. is there one person or one event that is your dream auction that you are shooting for, poking at that person or that company?
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>> i am so sorry, son the kids screaming in the background. please repeat. dagen: is there one executive or celebrity or event or experience you want to auction off? >> great question. we have a list of great experiences. we have 1500 experiences, there are a couple of unique ones we never had before and we have half a dozen this close to going wide sell i can sit what they are, we have one or two in particular. we are constantly tryingwe have particular. we are constantly trying to push the envelope. we always have things we are
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trying to put on the site and encourage people to visit us but we have a wish list and some really cool thing is pending right now. dagen: thank you, enjoy being on the floor. >> a great day to be here. dagen: we got all little guy in the control room as well. looking at jenna and -- janet yellen, one of her high school classmates is here to give us this group as a seattle restaurant kicks her out for wearing google glass. funny story. you don't want to miss that. the movie frozen catching fire off the top spot at the box office. can it happen? look at interest rates today, ten year treasury. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪
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because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. tracy: i am tracy byrnes, shareholders holding 47.5 million shares seeking a larger pond of from the company's buyout by an mike dell. and against the $20 billion sale asking the judge to award more than the buyout price. regulators a google combining personal data from different services violated the protection laws. google spokesman says the privacy policy respect european law.
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$2.7 billion takeover bid blocked by the australian government. 6 months hoping to take advantage of easing food markets. that is the latest from the fox business network on the day after thanksgiving giving you the power to prosper. ♪ [ male announcer ] if we could see energy. what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ e'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry tt supports almost 10 milln american jobs. life kes energy.
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and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. bause using energy responsibly has never been more important. energy lives here ♪ date with of the 9 janet yellen to replace ben bernanke as chief of the federal reserve expected in the next few weeks some look at her journey. of morgan stanley broker, a high school classmate of janet yellen. do you remember her? some one ascends to a position of power the way she as i think i remember her but did she stand out? >> yes she did. he really stood out.
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she was very active in many outside academic circles. using two clubs, the minuteman club which would the history club. i was in the psychology club and i thought she would grow up to be at psychologist and i went to hunter college and getting a degree in psychology with a minor in education and living on to wall street but she graduated number one in our class so she released stood out. the class of 63, she was the editorally stood out. the class of 63, she was the editor of the year book. the year book was the power and she was the editor of the pilot, the newspaper. she had a 99 average. her name was susan but her nickname was 98.6 and she was number 2 so janet had to be
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above 90.6. dagen: you spent your career working on wall street as the stock broker. what about the importance of the federal reserve chief today? that is all i ever covered in my career as a journalist for 20 years. how important is the federal reserve chief now compared to 20 years ago or 40 years ago? >> i think it is more important today than it was 20 or 40 years ago. the debt has never been higher rents seventeen trillion. my thoughts are she will not raise rates during her four years during her tenure because you focus on unemployment, focus on inflation, the overriding factor is $17 trillion in debt and if you are the ceo where would you want interest-rate to be. dagen: whether people act like
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the federal reserve independence of the administration but historically we know the white house is putting pressure on who is running the central bank. >> i agree with you. dagen: great to see you. have a great holiday season and please come back, ron vincent, be well, hope you had a great thanksgiving. j.c. penney getting booted from the s&p 500 saturday's trading day, going out on a high note. nobody has anything good to say about j.c. penney. in business terms. >> i have something good to say about j.c. penney, back in october, 50% from that blow from $6 and change above $10 even though it is 50% for the year j.c. penney turned around, the ceo has got things moving on the right track. they had sales gains, same stores for the first time in a long time last month and the
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reports are that have a lot of people when they open their stores. dagen: thank you so much. you don't have to shop this weekend. i bless that on you, you don't have to buy gifts for anybody except all >> that is exactly what i am going to be doing. dagen: hope you had a great holiday. of floating city that travels around world sounds like a movie but one company is trying to make a reality. speaking of movies disney's frozen not the red hot catching fire off the top of the box office, dennis kneale here with that and if you think the show is superexcellent today it is not because connell mcshane isn't here. it is because we have another man in the control room. his name is mark. there he is. our producer's son and jill warner's son who is another producer. mark is doing a great job.
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dagen: traveling aware of from the comfort of your home. florida-based company freedom ship international is trying to raise $1 billion to cards start construction on the world's first floating city, the freedom should would stretch nearly a mile in length, house 50,000
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residents and include everything from schools to hospitals and its own airport. the would be the largest vessel ever built, times the size of the queen mary ii and would travel around world throughout the year beginning on the east coast of the u.s. and ending up on the west. the ship is expected to cost $10 million to complete. how is that different from a large disgusting cruise ship? google glass calls for controversy, one patron was asked to leave the lost lake cafe and long in seattle for wearing a pair of google glasses. they don't allow customers to wear a google blasted to privacy concerns and worries other diners might be recorded or photographed without their knowledge. apparently the diner, the person, the diner was not too happy about being asked to leave and voiced his unhappiness to restaurant staff. response the owners had this to say on facebook. if we ask you to leave don't storytelling about your rights.
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just shut up and get out before you make things worse. you have rights, it is a private establishment. if they want you to leave you got to listen. disney's anticipated animated film frozen is expected to make megabucks at the box office this holiday weekend. dennis kneale as with the marketing fire. dennis: two films fighting for box office and domination, the hunger game sequel catching fire, the new disney animated film frozen. what is your pleasure? you have a hundred games or the cute twin princesses in frozen which some say as the best disney animated films since the lion king in 1994. are defined more different girl power falls, frozen as those princesses and a goofy snowman, a reindeer in the and phantom. took in $50 million wednesday, could clear $80 million this weekend but catching fire even
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hotter and much darker, dystopian future in which people watch kids killing kids chris board. under gay and siegel could fetch $100 million after taking in $20 million and frozen on wednesday night now passed the $200 million mark world wide. both stocks have been tough this past year, disney up 40%, huge growth for a company with a market value of $125 billion. lion's gay doubled in the year but worth $4 billion. it could get the hollow property worth acquiring via giant, maybe the malice should by the lie and the disney is the best in hollywood. lions gate and 6 hits living in court, may be abridged too far. the mouse has been up 1.4%, the lion king down on profittaking an disney is up last time i checked and the lion king down, frozen and $8,200,000,000 worldwide, less than catching
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fire, less than two weeks with the disney machine will leverage that with hundreds of billions of dollars in related sales. froze in merchandise sales are wrong. princesses trump all lawyer. dagen: you haven't seen either one so far. dennis: my daughter is 13, does she go for the racy -- does she want to see that? i am going for frozen. dagen: at stock even though it is strong in the last year, at so much good news price until after the opening weekend, that stock was in the tank. dennis: the stock had run up. more than double the past year and especially in more recent months but $4 billion, pretty cheap. got to look at buying that. dagen: you would think. may be that is the run up. dennis: the vampire guys, not to buy them. -nick isn't it heartwarming that
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disney can still put out a really well-written and the nation? dennis: this film opened better on its first day van carroll did which was the disney animation film, did huge business, this is the picks are brand. disney animation originally dismantles and they started a of a separate brand and they are doing well. dagen: great to see you, have a great show. short trading day, market's closing and 1:00 eastern but we got you covered. retailers will be staying open later. how those black friday sales are going and harvesting the power of the moon's x. one company trying to do that. "countdown to the closing bell" with ashley webster is next. [ tires screech ]
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♪ ♪ ashley: and it's almost midday on this black friday, i'm ashley webster, it is the last hour of
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trading on the markets, and we're looking at a sea of green on this black friday. the dow jones industrial average and the s&p 500 are poised, hoe hum, for their eighth consecutive week of gains. the beat dose on, and this would be the longest winning streak for the dow in almost three years and the s&p, almost ten years. the nasdaq on track for its third week of gains, and the russell 2000 on the verge of four consecutive winning weeks. and as you might expect, investors are paying very close attention to black friday sales and the number of people braving frigid temperatures this much of the country to that much up those early deals. there they are waving. their insane. speaking of deals, who's seeing the most holiday shoppers, we've got you covered from coast to coast. robert gray live from carson, california, and rich edson down the street in times square here this new york city. rich, let's start with you. i know you've been busy today
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helping shoppers find their way around store. i think they believe you work there, right? >> reporter: absolutely. and i'm learning -- here we go -- i'm learning a new trick, huh? huh? not bad. and then the takeoff. >> there we go. >> reporter: there we go. >> whoo! >> reporter: and we're back again. this store opened 5:00 last night, ashley. 5:00 this morning they reordered up some of the doorbuster deals, different doorbuster deals, and it wasn't all that crowded at 5:00 in the morning. but within the last hour or two, this place has been absolutely jammed here. national retail federation predicts that somewhere to the order of $600 billion will be spent by consumers over the next couple of months, through the holiday season. and here at toys r us, they opened up last evening, they every day counts because -- they say every day counts.

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